my timesThe Korea Times
kjk

Kim Jae-kyoung

Korea Times Business Planning Reporter

I’m currently managing director of Content and Business Planning at The Korea Times. Before I took the current position in early 2024, I served as managing editor in charge of both paper and online for over three and a half years. In 2015-2018, I worked as Singapore correspondent covering ASEAN nations.

Go to Email

Read more

Economy

'Korean economy to bottom out after 2020'

Traders work at the New York Stock Exchange in New York, the United States, Dec. 4. U.S. stocks plunged on that day, with all three major indices erasing more than 3 percent, amid worries over the inverted yield curve signaling a possible economic slowdown. / Xinhua-YonhapBy Kim Jae-kyoungSouth Korea is expected to face a further economic downturn due to multiple downside risks, such as the global slowdown and a possible hard landing of the Chinese economy, Hyundai Research Institute said, Sunday.The private think tank said the Korean economy will bottom out after 2020.“The Korean economy has been in the downward stage in the fourth quarter of 2018,” the institute said in a report.“We believe that the economy reached its peak in May 2017 and has since been in downturn phase.”According to the institute's analysis, the economy previously hit the bottom in March 2013 and climbed to the peak in May 2017.“We expected the next bottoming-out point will come in 2019 but now it is more likely that it will take place after 2020,” it said.The institute cited

Dec 9, 2018By Kim Jae-kyoung
'Korean economy to bottom out after 2020'
Politics

Per-capita GDP forecast to top $30,000

By Kim Jae-kyoung 2018-10-25(코리아타임스) Korea is expected to see its per capita gross domestic product (GDP) exceed $30,000 this year and surpass $40,000 in 2023, according to the National Assembly Budget Office (NABO), Thursday. In its outlook report released Thursday, the office forecast that the nation's GDP will reach $31,862 this year, up about 7 percent from $29,744 a year before.The prediction is based on the assumption that the won-dollar exchange rate will average 1,091 won per dollar and the nominal GDP will grow 3.6% in 2018.If the prediction materializes, Korea will become the third country in the Asia-Pacific region to achieve the $30,000 mark following Japan and Australia and the ninth among members of the Organization for Economic Cooperation and Development. GDP is the total value of goods and services produced in a country over a certain period, usually one year.The office also forecast that the per-capita GDP will reach $33,755 in 2019 and surpass $40,0

Oct 25, 2018By Kim Jae-kyoung
Per-capita GDP forecast to top $30,000
Economy

Korea urged to reform labor market

This is the seventh in a series of interviews with economic experts who analyze the state of the Korean economy and make policy suggestions. ― ED.(Related story on Page 11)By Kim Jae-kyoungPresident Moon Jae-in should reform the job market and develop the services sector to reverse the dismal unemployment situation and rehabilitate the Korean economy, a Washington-based economic expert said Wednesday.He stressed Moon won't be able to achieve his goal of improving the lives of middle- and low-income families without tackling those two challenges.“Korea should focus on labor market reform, increasing labor productivity, and improving the services sector,” Troy Stangarone, senior director at the Korea Economic Institute (KEI), said in a recent interview.He pointed out that Korea's dual labor market suppresses wages for workers who are on short-term contracts.“Labor market reform to increase labor flexibility and provide some protection to contract workers is one step that could be taken,” he said. “Easing rules for FDI in the services sector, lessening the

Oct 9, 2018By Kim Jae-kyoung
Economy

Fitch skeptical of Moon's income-led growth

This is the fourth in a series of interviews with economic experts who analyze the state of the Korean economy and make policy suggestions. ― ED.By Kim Jae-kyoungFitch Ratings is moving to downgrade its growth outlook for South Korea due to weak consumer sentiment and worsening factors abroad, the global credit ratings agency said Monday.It added that President Moon Jae-in's income-led growth strategy has its foundation in good intentions but won't be able to address Korea's structural issues, such as low productivity.Thomas Rookmaaker, director at Sovereigns and Supranationals Group at Fitch Ratings“We are in the process of updating our forecasts for all sovereigns that we rate and we are likely to slightly lower our growth forecasts for Korea,” Thomas Rookmaaker, director at Sovereigns and Supranationals Group at Fitch Ratings, said in a recent interview.“The slightly lower growth forecasts are caused by both a decline in domestic confidence and an intensification of the trade tensions between the United States and China.”Fitch earlier forecast Korea's real

Sep 17, 2018By Kim Jae-kyoung
Fitch skeptical of Moon's income-led growth
Economy

INTERVIEW Korea should brace for global slowdown

This is the third in a series of interviews with economic experts to analyze the state of the Korean economy and make policy suggestions. ― ED.Economist says minimum wage hikes should proceed at slower speed By Kim Jae-kyoungSouth Korea should prepare for a global slowdown as the world economy is set to enter an initial phase of downturn, a noted global economist warned, Monday.“The global economic cycle has reached its peak and economies around the world, including China, Europe and emerging markets are slowing down,” Sohn Sung-won, professor of economics at California State University-Channel Islands, said in a recent interview.“The only exception is the U.S., due to the Trump tax cut and government spending. Korea, a country with heavy trade dependence, is going to be adversely affected by the global environment,” he added.Sohn Sung-won, professor of economics at California State University-Channel IslandsThe warning came as Asia's fourth-largest economy is showing signs that its growth has slowed to a moderate pace due to sagging facilities investment and

Sep 11, 2018By Kim Jae-kyoung
[INTERVIEW] Korea should brace for global slowdown
North Korea

Trump, Kim to grapple with 'devil in details'

'Joint declaration' needed to ensure success for denuclearizationBy Kim Jae-kyoungSINGAPORE ― Following a series of tit-for-tat moves over the past month, U.S. President Donald Trump and North Korean leader Kim Jong-un put their final touch for June 12 summit.Experts said that although Washington and Pyongyang had numerous senior- and working-level talks until the last minute, the outcome of the summit remained uncertain, considering the intricacies of issues and the unpredictability of the two leaders.Regardless of what agreement the two leaders reach, the bottom line for a successful summit is for the two sides to make a “joint declaration.”“We should be looking for whether there is a joint declaration that puts expectations on paper,” Stephan Haggard, director of the Korea-Pacific Program at the UC San Diego School of Global Policy and Strategy, told The Korea Times.“If they both just hold a press conference, it will be hard to interpret what actually happened,” he added.It is important to note that the devil is in the detail.Because denucleariz

Jun 11, 2018By Kim Jae-kyoung
Trump, Kim to grapple with 'devil in details'
  • North Korean leader anxious about military coup
  • Trump may open US embassy in Pyongyang: report
  • 2 p.m. vs 1 minute: Kim, Trump set respective deadlines for summit
  • TAKE A LOOK: A quick catch-up of Kim-Trump summit
  • World to watch 'talks of the century'
North Korea

2 p.m. vs 1 minute: Kim, Trump set respective deadlines for summit

By Kim Jae-kyoungSINGAPORE ― The United States and North Korea have been engaged in a last-minute tit-for-tat to gain a better position ahead of the June 12 summit here.Reuters reported Sunday night that North Korean leader Kim Jong-un plans to depart from Singapore at 2 p.m., only five hours after the designated start time of the summit ― 9 a.m. at the Capella Hotel.The news agency indicated that the source was from North Korea. It has previously correctly reported Kim's departure and arrival on Sunday. That report was followed by U.S. President Donald Trump's remarks that Kim has a “one-time chance” to do something great for his people. Trump made that remark just before departing for Singapore. Trump also said that he would know whether Kim was serious or not within a minute of meeting him. “I am not going to waste my time,” he said. “I am not going to waste his time.” The two leaders are staying 570 meters away from each other ― Trump at Shangri-La and Kim at St. Regis. Officials of the two countries were trying to work out differences on the e

Jun 11, 2018By Kim Jae-kyoung
2 p.m. vs 1 minute: Kim, Trump set respective deadlines for summit
  • Kim, Trump arrive in Singapore for summit
  • Trump, Kim to grapple with 'devil in details'
North Korea

Kim, Trump arrive in Singapore for summit

U.S. President Donald Trump waves upon his arrival in Singapore as he is met by  Singaporean Foreign Minister Vivian Balakrishnan after Air Force One arrived at  Paya Lebar Air Base, Sunday. ahead of a planned summit with North Korean leader Kim Jong-un, June 12. / AFP-YonhapNorth Korean leader Kim Jong-un is greeted by Singaporean Foreign Minister Vivian Balakrishnan upon arrival at Changyi Airport, Sunday, for a summit with U.S. President Donald Trump for June 12. / Captured image from Singaporean foreign minister's FacebookLeaders ready for historic summit on denuclearizationBy Kim Jae-kyoung, Yi Whan-wooSINGAPORE -- North Korean leader Kim Jong-un and U.S. President Donald Trump arrived in Singapore, Sunday, for their historic summit in the city-state scheduled for June 12. Kim arrived at Changi Airport at 3:36 p.m. (KST), embarking on his first overseas trip other than China after taking power in December 2011.Trump landed in Singapore about six hours later after leaving the G7 summit in Canada early.Kim flew in on an Air China Boeing 747, a charted flig

Jun 10, 2018By Kim Jae-kyoung
Kim, Trump arrive in Singapore for summit
  • 2 p.m. vs 1 minute: Kim, Trump set respective deadlines for summit
Foreign Affairs

Hanbok fashion show to be held in Singapore

A poster for the Lee Young-hee Hanbok Fashion Show to be held in Singapore on Dec. 5./ Courtesy of the South Korean Embassy to SingaporeBy Kim Jae-kyoungSINGAPORE — A large-scale “hanbok” fashion show will be held in Singapore, Dec. 5, to showcase its beauty and elegance to Singaporeans. This is the first time for the traditional Korean clothing to be introduced to the public in Singapore.The fashion show is part of the three-day finale event for the 2015 Korea Festival, dubbed SGKstar 2015, a year-long celebration of 40 years of diplomatic relations between Korea and Singapore.Organized by the South Korean Embassy to Singapore, the year-end festival will take place at Marina Bay Sands Convention Center Hall E from Dec. 4 to 6. The event was co-organized by the Korea Tourism Organization and the Ministry of Culture, Sports and Tourism.Lee Young-hee, a world famous and top Korean traditional costume designer, will be showcasing her hanbok designs, a major highlight of the festival.The 40-minute show will consist of three segments — Traditional Ha

Nov 29, 2015By Kim Jae-kyoung
Hanbok fashion show to be held in Singapore
Companies

Two CEOs face dismissals

Park Youn-wonKim Hyun-taeHeads of the state-run nuclear safety agency and coal supplier have been recommended for dismissal due to lackluster management, the finance ministry said Tuesday, amid worries over a serious nationwide power shortage.According to the Ministry of Strategy and Finance, Park Youn-won, the president of the Korea Institute of Nuclear Safety,  received an "E" grade in the management evaluation. Kim Hyun-tae, the chief executive of the Korea Coal Corp., received the same grade.The ministry cited Park's attempts to recover trust over nuclear power following consecutive shutdowns at two reactors here as failures, and a delay in the operation of two other newly-built reactors due to substandard control cables compounded the public's feelings of ill-ease.The ministry said Kim did not show efforts to curb the public coal company's excessive debts.The 2012 annual report on the management evaluation of public firms covered a total of 111 state-run companies whose chiefs have worked at their companies for more than six months. Of the total, 15 received an "A", th

Jun 18, 2013By Kim Jae-kyoung
Two CEOs face dismissals
previous page
12345
next page

Top 5 stories

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.